Honeywell Sees Mild Recovery in 2012
Honeywell Aerospace’s annual Business Aviation Outlook cites several leading indicators pointing to a modest recovery in 2012.
Overall, during the next decade (2011-2021) Honeywell forecasts up to 10,000 aircraft worth $230 billion will be purchased.
Overall, during the next decade (2011-2021) Honeywell forecasts up to 10,000 aircraft worth $230 billion will be purchased.

After four years of decline, business aviation is poised for moderate recovery beginning in 2012, according to Honeywell Aerospace’s annual Business Aviation Outlook, released yesterday at the NBAA 2011 Annual Meeting and Convention in Las Vegas, Nev. The Honeywell forecast is based on surveys of more than 1,500 flight departments around the world.

Honeywell (Booth N4500) cites several leading indicators pointing to a modest recovery. First, order activity has shifted from severely net negative in 2009 to modestly net positive in 2010, and strengthened in the first half of 2011. Moreover, global recovery of business aircraft flights continued in 2011, though the pace of increase has slowed.

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